Interactive Brokers - conditional orders?

[Saltynuts]

Is there a way to make a conditional order that kicks in only if some other trade is made? For example, I have an order to buy security ABC at $10. If that fills, then and only then an order is placed automatically to sell security XYC at $18 or market or whatever?

Thanks!

 

[nooby_mcnoob]

Is there a way to make a conditional order that kicks in only if some other trade is made? For example, I have an order to buy security ABC at $10. If that fills, then and only then an order is placed automatically to sell security XYC at $18 or market or whatever?

Thanks!

Doesn't the "hedge trade" setting do this? https://www.interactivebrokers.com/...book/ordertypes/attach_a_beta_hedge_order.htm

 

[Shadetree42]

Yep. Attach a Beta Hedge order and set the beta to the ratio of notional size you want.

 

[tonyf]

you can use IB standard ones with API (OCA, etc...)
or even better, let VBA do it for you